China LEI Released
China’s central bank announced on Monday that an online system for the registration of Legal Entity Identifiers (LEI) has been established and put into operation, joining a global effort to strengthen financial stability.
The LEI system was proposed by the Financial Stability Board, a group of finance ministers and central bankers from major economies after the 2008 crisis. It provides a unique ID for legal entities engaged in global financial transactions as a means to promote integration and reduce risks.
The Chinese website of the system is http://www.leichina.org, which offers a host of services related to global LEI, the People’s Bank of China said in a statement.
